Steel News

Hyundai Steel Sales to Outside Automakers Tops 20%

21 January 2025 - Hyundai Steel has reached a new sales milestone, selling more than 1 million metric tons of automotive sheet in 2024 to foreign automakers other than affiliates Hyundai and Kia, reports The Korea Economic Daily.

Pacific Steel Group Lines Up US$200M for Micro-Mill

20 January 2025 - Pacific Steel Group (PSG) has secured a US$200 million loan from Generate Capital, a sustainable infrastructure investment firm, to support the construction of its planned California micro-mill.

New HBIS Slab Caster Enters Service

20 January 2025 - China’s HBIS XuanHua Iron and Steel Group successfully has started up a new single-strand slab caster at its low-carbon-emissions plant in Zhangjiakou, Hebei province.

Consortium Awarded EUR1.8 Million for H2-Focused R&D Project

16 January 2025 - A research consortium that includes Primetals Technologies, voestalpine and thyssenkrupp has been awarded a EUR1.8 million grant to develop a new method for injecting hydrogen directly into the blast furnace shaft by adapting an existing technology.

Chinese Mill Completes Production Trial on New Mill

14 January 2025 - China’s Shougang Jingtang United Iron & Steel has successfully trialed production of 0.7 mm strip on its new Danieli QSP-DUE plant in Hebei province.

Danieli Wins Order for Electromagnetic Stirrer

08 January 2025 - POSCO has decided to install a Danieli Rotelec multi-mode electromagnetic mold stirrer (EMS) at its Gwangyang Works in South Korea.

ArcelorMittal South Africa Halts Long Steel Operations, Shifts Focus to Flat Steel Future

06 January 2025 - ArcelorMittal South Africa is winding down its long steel business, citing unsustainable operational challenges, weak market conditions, and rising costs, the steelmaker has announced.

Swedish Government OKs SSAB Mini-Mill

19 December 2024 - SSAB has received an environmental permit for its planned mini-mill in Luleå, allowing construction to begin, the company said Thursday.

Labor Caucus Tells Biden to “Repudiate” U. S. Steel Deal

18 December 2024 - The Congressional Labor Caucus has written to U.S. President Joe Biden, asking him to strongly repudiate Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, the Bloomberg news service reports.

Clean and Green: Electra and Interfer Sign Collaboration Agreement

17 December 2024 - Ironmaking startup Electra has signed an memorandum of understanding (MOU) with a German steel importer to collaborate on clean iron production for specialty steel.

Australian Consortium Chooses Western Australia Location for Electric Smelting Furnace

17 December 2024 - A consortium made up of Australia’s two largest iron ore miners and its largest steelmaker have selected a location for a proposed ironmaking electric smelting furnace pilot plant.

SDI Guides to Lower Q4 Earnings

17 December 2024 - Steel Dynamics Inc. (SDI) expects to see its fourth-quarter profits fall partly on account of lower average prices for its mills and an unplanned outage at its Butler, Ind., USA, facility.

SSAB Veteran to Head European Division

17 December 2024 - SSAB has promoted its European division’s head of business development to the helm of the unit.

Nucor Forecasts Q4 Earnings Decline

17 December 2024 - Nucor Corp. is cautioning that fourth-quarter earnings are expected to fall more than 80% over the same quarter last year.

ANDRITZ Contracted for Austrian Galv Line Improvement

12 December 2024 - voestalpine has selected ANDRITZ to modernize the electrical and automation systems of one of its hot-dip galvanizing lines.

SSAB Secures Domestic Scrap Source

12 December 2024 - SSAB has signed a strategic cooperation agreement with Swedish recycler Stena Metall, providing for deliveries of recycled scrap metal to SSAB’s new electric arc furnace in Oxelösund.

Rio Tinto Agrees to Supply DR-Grade Pellets to GravitHy

11 December 2024 - Iron ore miner Rio Tinto has struck an agreement to supply a French ironmaking startup with high-grade, direct reduction pellets and to manage sales and marketing of the hot-briquetted iron the startup will produce.

Report: Nippon Steel Shares Details on U. S. Steel Investment Plans

09 December 2024 - Seeking support from the United Steelworkers (USW) union for its acquisition of United States Steel Corporation, Nippon Steel Corp. has made new commitments as to the timing and purpose of its previously announced US$1.4 billion investment in the iconic steelmaker. United States Steel Corporation.

Research Team Makes Breakthrough in Ironmaking Technology

09 December 2024 - A Chinese research team reportedly has developed a flash ironmaking technology that can reduce ore iron within seconds rather than hours and works exceptionally well with lower-grade feedstocks.

Danieli Receives Order for Indian Bar Mill

05 December 2024 - The Steel Authority of India Ltd. has awarded a contract to Danieli for a new bar mill and reheat furnace to be built in Durgapur.